Schumpeter made his mark as the prophet of incessant change. Drawing on all of Schumpeter¿s writings, including many intimate diaries and letters never before used, this biography paints the full portrait of a magnetic figure who aspired to become the world¿s greatest economist, lover, and horseman¿and admitted to failure only with the horses.

Thomas K. McCraw was Straus Professor of Business History Emeritus at Harvard Business School and winner of the Pulitzer Prize for History.